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Polls give New Democracy wafer-thin lead over SYRIZA
PoliticsGreek Politicsof SYRIZA and had Golden Dawn as Greece’s third biggest party, reaffirming the figures that have... percent, against SYRIZA’s 20.5. Golden Dawn was at 7.8 percent, still surprisingly high but lower... Pavlos Fyssas. The arrest of the party’s leadership has not had a damaging effect on Golden Dawn’s
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Revenues beat target for third straight month, put primary surplus in sight
Economydrop of interest payments by 50.3 percent compared to last year (mainly reflecting last year’s PSI... from its peak of 1.82 billion until July, yet with a significant positive impact on current’s year’s... stressed that this year’s fiscal adjustment will be achieved with tax refunds and PIB expenses
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How Greek banks could cut 2014 financing gap with a bond rollover
EconomyCentral Banks (NCBs). A few hours after Stournaras’s comments were published and on the sidelines... the central bank’s GGB holdings. “We must find a way to close Greece’s financing gap... was part of last November Eurogroup’s decisions. He added that “now they are telling us
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Direct taxes jump by 46 pct to help Sept. revenues beat target for third month in row
Economy(mainly reflecting last year’s PSI), resulted in a higher cut of total expenditure by 17.2 percent yoy... positive impact on current’s year’s fiscal performance. It should be pointed out that MoF reported top... with troika respective forecasts. MoF has also stressed that this year’s fiscal adjustment
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Of symmetry and adjustments in the eurozone
Agorato believe, working to solve the periphery’s problems. The short term pain imposed by fiscal... today, and only today, the US Treasury (and the IMF, and the Commission) began blaming Germany’s... on an export-led growth model Germany and Europe will be forced to rely on somebody else’s growth
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Greek primary surplus at 400 mln to Oct but arrears keep piling up
EconomyMacroeconomynot incorporated in Greece’s Economic Adjustment Program (EAP) fiscal targets. The MoF disclosed... billion so far in 2013. Thus, excluding previous year’s payments as well as SMP income and adding back... EAP terms and comparable to the government’s estimate of 812 million for the whole year 2013
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Banks' reliance on Eurosystem funding eases for seventh straight month in Nov
EconomyMacroeconomyeased by 0.33 billion euros in November, according to the BoG’s monthly financial statement... as collateral by the ECB. Accordingly, the ECB was replaced by ELA funding, which the latter’s... on December 19, 2012, following the Eurogroup’s decision on the disbursement of the next tranche
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Bank of Greece decision bolsters Greek lenders’ capital ratios
EconomyMacroeconomyalso applied in other European countries. The European Banking Authority’s (EBA) recent transparency...’s upcoming share capital increase of 2 billion euros. The bank has recently initiated the capital... stability Fund (HFSF) is the dominant shareholder (95.2 percent) and is considering anchor investor(s
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Greek justice slower despite reform efforts during crisis
SocietyThe European Commission’s Task Force for Greece (TFGR) published last week its sixth quarterly... and encouraging the use of an alternative dispute resolution mechanism. The wording in the TFGR’s report suggests... advisers was highlighted by the publication of the EU’s 2014 Justice Scorecard on Monday
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IMF recognises Greek 2013 surplus, sees less burdensome financing needs
Economypercent of GDP respectively. Greece’s gross debt as a percentage of GDP remains by far the highest among European countries and the second highest after Japan among the 32 countries in the IMF’s focus list. Surprisingly, the IMF’s estimates for Greece’s total financing needs are materially lower than
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